Wall Street brokerages expect Pra Group Inc (NASDAQ:PRAA) to announce $245.22 million in sales for the current quarter, Zacks reports. Four analysts have made estimates for Pra Group’s earnings. The lowest sales estimate is $240.00 million and the highest is $249.58 million. Pra Group posted sales of $221.52 million in the same quarter last year, which suggests a positive year over year growth rate of 10.7%. The company is scheduled to report its next quarterly earnings report after the market closes on Thursday, August 8th.
According to Zacks, analysts expect that Pra Group will report full-year sales of $995.09 million for the current fiscal year, with estimates ranging from $973.16 million to $1.01 billion. For the next year, analysts forecast that the firm will report sales of $1.09 billion, with estimates ranging from $1.04 billion to $1.14 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Pra Group.
Pra Group (NASDAQ:PRAA) last posted its quarterly earnings data on Thursday, May 9th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). Pra Group had a net margin of 6.42% and a return on equity of 5.26%. The business had revenue of $245.90 million during the quarter, compared to the consensus estimate of $244.08 million. During the same period in the prior year, the company posted $0.47 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year.
Several research firms have recently weighed in on PRAA. BidaskClub cut Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Pra Group presently has an average rating of “Hold” and an average price target of $35.00.
A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in Pra Group by 10.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,970,934 shares of the business services provider’s stock worth $72,402,000 after purchasing an additional 274,567 shares during the period. Stephens Investment Management Group LLC raised its stake in Pra Group by 24.9% during the first quarter. Stephens Investment Management Group LLC now owns 1,537,366 shares of the business services provider’s stock worth $41,217,000 after acquiring an additional 306,200 shares in the last quarter. Global Alpha Capital Management Ltd. raised its stake in Pra Group by 36.2% during the first quarter. Global Alpha Capital Management Ltd. now owns 949,683 shares of the business services provider’s stock worth $25,461,000 after acquiring an additional 252,300 shares in the last quarter. Boston Partners raised its stake in Pra Group by 3.2% during the first quarter. Boston Partners now owns 749,924 shares of the business services provider’s stock worth $20,105,000 after acquiring an additional 23,112 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in Pra Group by 8.8% during the first quarter. Nordea Investment Management AB now owns 649,904 shares of the business services provider’s stock worth $17,424,000 after acquiring an additional 52,293 shares in the last quarter.
Shares of PRAA traded up $0.37 during mid-day trading on Friday, hitting $28.41. The company’s stock had a trading volume of 116,830 shares, compared to its average volume of 175,209. Pra Group has a one year low of $22.62 and a one year high of $43.75. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 19.73 and a beta of 1.62. The business has a 50-day moving average of $28.67.
Pra Group Company Profile
PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas and Europe. It is involved in the acquisition of accounts that are primarily the unpaid obligations of individuals owed to credit grantors, which include banks and other types of consumer, retail, and auto finance companies.
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